0001193125-14-121638.txt : 20140328 0001193125-14-121638.hdr.sgml : 20140328 20140328164853 ACCESSION NUMBER: 0001193125-14-121638 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20140328 DATE AS OF CHANGE: 20140328 EFFECTIVENESS DATE: 20140328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRINET GROUP INC CENTRAL INDEX KEY: 0000937098 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 943081033 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-194880 FILM NUMBER: 14726423 BUSINESS ADDRESS: STREET 1: 1100 SAN LEANDRO BLVD., STE. 300 CITY: SAN LEANDRO STATE: CA ZIP: 94577 BUSINESS PHONE: 5103525000 MAIL ADDRESS: STREET 1: 1100 SAN LEANDRO BLVD., STE. 300 CITY: SAN LEANDRO STATE: CA ZIP: 94577 FORMER COMPANY: FORMER CONFORMED NAME: TRINET EMPLOYER GROUP INC DATE OF NAME CHANGE: 20000126 S-8 1 d702779ds8.htm S-8 S-8

As filed with the Securities and Exchange Commission on March 28, 2014

Registration No. 333-            

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

TriNet Group, Inc.

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   95-3359658

(State or other jurisdiction of

Incorporation or organization)

  

(I.R.S. Employer

Identification No.)

1100 San Leandro Blvd., Suite 400

San Leandro, CA 94577

(510) 352-5000

(Address of principal executive offices) (Zip code)

TriNet Group, Inc. 2000 Equity Incentive Plan

TriNet Group, Inc. 2009 Equity Incentive Plan

TriNet Group, Inc. 2014 Employee Stock Purchase Plan

(Full title of the plan)

 

 

Burton M. Goldfield

Chief Executive Officer

TriNet Group, Inc.

1100 San Leandro Blvd., Suite 400

San Leandro, CA 94577

(510) 352-5000

(Name and address of agent for service) (Telephone number, including area code, of agent for service)

 

 

Copies to:

 

Jodie M. Bourdet

Drew S. Williamson

Cooley LLP

101 California Street, 5th Floor

San Francisco, California 94111

(415) 693-2000

  

Gregory L. Hammond

Chief Legal Officer

TriNet Group, Inc.

1100 San Leandro Blvd., Suite 400

San Leandro, CA 94577

(510) 352-5000

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer   ¨    Accelerated filer   ¨
Non-accelerated filer   x  (Do not check if a smaller reporting company)    Smaller reporting company   ¨

 

 

CALCULATION OF REGISTRATION FEE

 

 

Title of Securities

to be Registered

  

Amount

to be

Registered(1)

  

Proposed

Maximum

Offering Price

per Share

  

Proposed

Maximum

Aggregate

Offering Price

  

Amount of

Registration Fee

Common Stock, par value $0.000025 per share

                

– 2009 Equity Incentive Plan

   10,494,506 (2)(3)   $4.75 - 18.37 (7)   $84,556,260   $10,891

– 2014 Employee Stock Purchase Plan

   1,100,000 (4)(5)   $18.37 (8)   $20,207,000   $2,603

– 2000 Equity Incentive Plan

   162,716 (6)   $0.59 (9)   $96,003   $13

Total

   11,757,222       $104,859,263   $13,507

 

 

 

(1) Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of Registrant’s common stock that become issuable under the plans set forth herein by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected that results in an increase to the number of outstanding shares of Registrant’s common stock, as applicable.
(2) Represents shares of common stock reserved for future issuance under the Registrant’s 2009 Equity Incentive Plan (the “2009 Plan”) and reserved for issuance pursuant to awards outstanding under the 2009 Plan as of the date of this Registration Statement. Pursuant to the terms of the 2009 Plan, any shares subject to outstanding awards originally granted under the Registrant’s 2000 Equity Incentive Plan (the “2000 Plan”), that expire or terminate, or are forfeited, for any reason prior to exercise or settlement shall become available for issuance pursuant to share awards granted under the 2009 Plan, subject to certain limitations.
(3) The number of shares reserved for issuance under the 2009 Plan will automatically increase on January 1st each year, starting on January 1, 2015 and continuing through January 1, 2019, by the lesser of 4.5% of the total number of shares of the Registrant’s capital stock outstanding on December 31st of the immediately preceding calendar year, or a number of shares determined by the Registrant’s board of directors.
(4) Represents shares of common stock reserved for future issuance under the Registrant’s 2014 Employee Stock Purchase Plan (the “2014 ESPP”).
(5) The number of shares reserved for issuance under the 2014 ESPP will automatically increase on January 1st each year, starting on January 1, 2015 and continuing through January 1, 2024, by the lesser of (a) 1% of the total number of shares of the Registrant’s common stock outstanding on December 31st of the preceding calendar year, (b) 1,800,000 shares of common stock or (c) a number determined by the Registrant’s board of directors.
(6) Represents shares of common stock reserved for issuance pursuant to awards outstanding under the 2000 Plan as of the date of this Registration Statement.
(7) Estimated in accordance with Rule 457(h) solely for the purpose of calculating the registration fee on the basis of (a) the weighted-average exercise price for outstanding options granted pursuant to the 2009 Plan as of the date of this Registration Statement, and (b) $18.37, the average of the high and low prices of the Registrant’s common stock as reported on the New York Stock Exchange on March 27, 2014 with respect to the balance of shares to be registered pursuant to the 2009 Plan. The chart below details the calculations of the registration fee:

 

Securities

   

Number of Shares of

Common Stock

   

Offering Price Per Share

   

Aggregate Offering

Price/Registration Fee

Common Stock, par value $0.000025 per share, issuable upon the exercise of outstanding options granted under the 2009 Equity Incentive Plan

    7,946,242    $4.75 (7)(a)    $37,744,650

Common Stock, par value $0.000025 per share, reserved for future grant under the 2009 Equity Incentive Plan

    2,548,264    $18.37 (7)(b)    $46,811,610

Proposed Maximum Aggregate Offering Price:

       $84,556,260

Registration Fee:

       $10,891

 

(8) Estimated in accordance with Rule 457(h) solely for the purpose of calculating the registration fee on the basis of $18.37, the average of the high and low prices of the Registrant’s common stock as reported on the New York Stock Exchange on March 27, 2014.
(9) Estimated in accordance with Rule 457(h) solely for the purpose of calculating the registration fee on the basis of the weighted-average exercise price for outstanding options granted pursuant to the 2000 Plan.

 

 

 

PART II

 

ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

The following documents filed by TriNet Group, Inc. (the “Registrant”) with the Securities and Exchange Commission are incorporated by reference into this Registration Statement:

(a) The Registrant’s prospectus filed on March 27, 2014 pursuant to Rule 424(b) under the Securities Act relating to the Registration Statement on Form S-1 (File No. 333-192465), which contains audited financial statements for the Registrant’s latest fiscal year for which such statements have been filed.

(b) The description of the Registrant’s common stock which is contained in a registration statement on Form 8-A filed on March 24, 2014 (File No. 001-36373) under the Exchange Act of 1934, as amended (the “Exchange Act”), including any amendment or report filed for the purpose of updating such description.

(c) All other reports and documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than Current Reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits furnished on such form that relate to such items) on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing of such reports and documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

 

ITEM 4. DESCRIPTION OF SECURITIES

See the description of the Registrant’s common stock contained in the Registration Statement on Form S-1 (File No. 333-192465).

 

ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL

Not applicable.

 

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS

Section 145 of the Delaware General Corporation Law authorizes a court to award, or a corporation’s board of directors to grant, indemnity to directors and officers in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities, including reimbursement for expenses incurred, arising under the Securities Act.

The Registrant’s amended and restated certificate of incorporation and amended and restated bylaws provide that the Registrant will indemnify its directors and officers, and may indemnify its employees and other agents, to the fullest extent permitted by the Delaware General Corporation Law. However, Delaware law prohibits the Registrant’s certificate of incorporation from limiting the liability of the Registrant’s directors for the following:

 

  •   any breach of the director’s duty of loyalty to us or to our stockholders;

 

  •   acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law;

 

  •   unlawful payment of dividends or unlawful stock repurchases or redemptions; and

 

  •   any transaction from which the director derived an improper personal benefit.

The Registrant has entered into indemnification agreements with each of its directors and officers and some of its employees. These agreements provide for the indemnification of such persons for all reasonable expenses and liabilities incurred in connection with any action or proceeding brought against them by reason of the fact that they are or were serving in such capacity.

The Registrant may maintain insurance policies that indemnify its directors and officers against various liabilities arising under the Securities Act and the Exchange Act that might be incurred by any director or officer in his capacity as such. The Registrant has obtained director and officer liability insurance to cover liabilities directors and officers may incur in connection with their services to the Registrant.

 

ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

Not applicable.

 

ITEM 8. EXHIBITS

 

Exhibit
Number

  

Description

  4.1 (1)   Amended and Restated Certificate of Incorporation of TriNet Group, Inc., as amended and as currently in effect.
  4.2 (2)   Certificate of Amendment of Amended and Restated Certificate of Incorporation of TriNet Group, Inc., as currently in effect.
  4.3 (3)   Form of Amended and Restated Certificate of Incorporation of TriNet Group, Inc., to be in effect upon the completion of this offering.
  4.4 (4)   Amended and Restated Bylaws of TriNet Group, Inc., as amended and as currently in effect.
  4.5 (5)   Form of Amended and Restated Bylaws of TriNet Group, Inc., to be in effect upon the completion of this offering.
  5.1   Opinion of Cooley LLP.
23.1   Consent of Cooley LLP (included in Exhibit 5.1).
23.2   Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.
23.3   Consent of PricewaterhouseCoopers LLP, independent accountants.
23.4   Consent of CohnReznick LLP, independent auditors.
24.1   Power of Attorney (included on the signature page of this Form S-8).
99.3 (6)   Amended and Restated 2000 Equity Incentive Plan.
99.4 (7)   Forms of Option Agreement and Option Grant Notice under the Amended and Restated 2000 Equity Incentive Plan.
99.5 (8)   Amended and Restated 2009 Equity Incentive Plan.
99.6 (9)   Form of Option Agreement and Option Grant Notice under the Amended and Restated 2009 Equity Incentive Plan.
99.6 (10)   Form of Restricted Stock Unit Agreement and Restricted Stock Unit Award Notice under the Amended and Restated 2009 Equity Incentive Plan.
99.7 (11)   2014 Employee Stock Purchase Plan.

 

(1) Filed as Exhibit 3.1 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on November 21, 2013, and incorporated herein by reference.

(2) Filed as Exhibit 3.5 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 14, 2014, and incorporated herein by reference.
(3) Filed as Exhibit 3.2 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 14, 2014, and incorporated herein by reference.
(4) Filed as Exhibit 3.3 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on January 7, 2014, and incorporated herein by reference.
(5) Filed as Exhibit 3.4 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 4, 2014, and incorporated herein by reference.
(6) Filed as Exhibit 10.1 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on November 21, 2013, and incorporated herein by reference.
(7) Filed as Exhibit 10.2 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on November 21, 2013, and incorporated herein by reference.
(8) Filed as Exhibit 10.3 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 14, 2014, and incorporated herein by reference.
(9) Filed as Exhibit 10.4 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 4, 2014, and incorporated herein by reference.
(10) Filed as Exhibit 10.6 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 4, 2014, and incorporated herein by reference.
(11) Filed as Exhibit 10.7 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 14, 2014, and incorporated herein by reference.

 

ITEM 9. UNDERTAKINGS

1. The undersigned registrant hereby undertakes:

(a) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

Provided, however, that paragraphs (a)(i) and (a)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement.

(b) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(d) That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

2. The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

3. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Leandro, State of California, on this 28th day of March, 2014.

 

TRINET GROUP, INC.
By:  

/s/ Burton M. Goldfield

  Burton M. Goldfield
  Chief Executive Officer

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Burton M. Goldfield, William Porter and Gregory L. Hammond, and each of them, as his true and lawful attorneys-in-fact and agents, each with the full power of substitution, for him and in his name, place or stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments), and to sign any registration statement for the same offering covered by this Registration Statement that is to be effective upon filing pursuant to Rule 462(b) promulgated under the Securities Act, and all post-effective amendments thereto, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their, his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

 

Signature

   

Title

  

Date

/s/ Burton M. Goldfield

Burton M. Goldfield

   

Chief Executive Officer

(Principal Executive Officer)

   March 28, 2014

/s/ William Porter

William Porter

   

Chief Financial Officer

(Principal Financial and Accounting Officer)

   March 28, 2014

/s/ H. Raymond Bingham

H. Raymond Bingham

   

Director

   March 28, 2014

/s/ Martin Babinec

Martin Babinec

   

Director

   March 28, 2014

/s/ Kenneth Goldman

Kenneth Goldman

   

Director

   March 28, 2014

/s/ David C. Hodgson

David C. Hodgson

   

Director

   March 28, 2014

/s/ Wayne B. Lowell

Wayne B. Lowell

   

Director

   March 28, 2014

/s/ Katherine August-deWilde

Katherine August-deWilde

   

Director

   March 28, 2014

EXHIBIT INDEX

 

Exhibit
Number

  

Description

  4.1 (1)   Amended and Restated Certificate of Incorporation of TriNet Group, Inc., as amended and as currently in effect.
  4.2 (2)   Certificate of Amendment of Amended and Restated Certificate of Incorporation of TriNet Group, Inc., as currently in effect.
  4.3 (3)   Form of Amended and Restated Certificate of Incorporation of TriNet Group, Inc., to be in effect upon the completion of this offering.
  4.4 (4)   Amended and Restated Bylaws of TriNet Group, Inc., as amended and as currently in effect.
  4.5 (5)   Form of Amended and Restated Bylaws of TriNet Group, Inc., to be in effect upon the completion of this offering.
  5.1   Opinion of Cooley LLP.
23.1   Consent of Cooley LLP (included in Exhibit 5.1).
23.2   Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.
23.3   Consent of PricewaterhouseCoopers LLP, independent accountants.
23.4   Consent of CohnReznick LLP, independent auditors.
24.1   Power of Attorney (included on the signature page of this Form S-8).
99.3 (6)   Amended and Restated 2000 Equity Incentive Plan.
99.4 (7)   Forms of Option Agreement and Option Grant Notice under the Amended and Restated 2000 Equity Incentive Plan.
99.5 (8)   Amended and Restated 2009 Equity Incentive Plan.
99.6 (9)   Form of Option Agreement and Option Grant Notice under the Amended and Restated 2009 Equity Incentive Plan.
99.6 (10)   Form of Restricted Stock Unit Agreement and Restricted Stock Unit Award Notice under the Amended and Restated 2009 Equity Incentive Plan.
99.7 (11)   2014 Employee Stock Purchase Plan.

 

(1) Filed as Exhibit 3.1 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on November 21, 2013, and incorporated herein by reference.
(2) Filed as Exhibit 3.5 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 14, 2014, and incorporated herein by reference.
(3) Filed as Exhibit 3.2 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 14, 2014, and incorporated herein by reference.
(4) Filed as Exhibit 3.3 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on January 7, 2014, and incorporated herein by reference.

(5) Filed as Exhibit 3.4 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 4, 2014, and incorporated herein by reference.
(6) Filed as Exhibit 10.1 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on November 21, 2013, and incorporated herein by reference.
(7) Filed as Exhibit 10.2 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on November 21, 2013, and incorporated herein by reference.
(8) Filed as Exhibit 10.3 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 14, 2014, and incorporated herein by reference.
(9) Filed as Exhibit 10.4 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 4, 2014, and incorporated herein by reference.
(10) Filed as Exhibit 10.6 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 4, 2014, and incorporated herein by reference.
(11) Filed as Exhibit 10.7 to Registrant’s Registration Statement on Form S-1 (File No. 333-192465), filed with the Securities and Exchange Commission on March 14, 2014, and incorporated herein by reference.
EX-5.1 2 d702779dex51.htm EX-5.1 EX-5.1

Exhibit 5.1

 

LOGO

Jodie M. Bourdet

T: +1 415 693 2054

jbourdet@cooley.com

March 28, 2014

TriNet Group, Inc.

1100 San Leandro Blvd., Suite 400

San Leandro, CA 94577

Ladies and Gentlemen:

We have represented TriNet Group, Inc., a Delaware corporation (the “Company”), in connection with the filing by the Company of a Registration Statement on Form S-8 (the “Registration Statement”) with the Securities and Exchange Commission covering the offering of up to an aggregate of 11,757,222 shares of the Company’s Common Stock, par value $0.000025 per share, including (a) 162,716 shares of Common Stock (the “2000 Shares”) pursuant to the Company’s 2000 Equity Incentive Plan (“2000 Plan”), (b) 10,494,506 shares of Common Stock (the “2009 Shares”) pursuant to the Company’s 2009 Equity Incentive Plan (the “2009 Plan”), and (c) 1,100,000 shares of Common Stock (the “2014 ESPP Shares”) pursuant to the Company’s 2014 Employee Stock Purchase Plan (the “2014 ESPP”, and together with the 2000 Plan and the 2009 Plan, the “Plans”).

In connection with this opinion, we have examined and relied upon (a) the Registration Statement and related prospectuses, (b) the Plans, (c) the Company’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, as currently in effect as of the date hereof, (d) the Company’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, each of which will be in effect upon the closing of the Company’s initial public offering, and (e) such other documents, records, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness and authenticity of all documents submitted to us as originals and the conformity to originals of all documents submitted to us as copies thereof.

As to certain factual matters, we have relied upon a certificate of officers of the Company and have not sought to independently verify such matters. Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware.

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the 2000 Shares, the 2009 Shares and the 2014 ESPP Shares, when sold and issued in accordance with the 2000 Plan, the 2009 Plan and the 2014 ESPP, respectively, and the Registration Statement and related prospectuses, will be validly issued, fully paid, and nonassessable (except as to shares issued pursuant to certain deferred payment arrangements, which will be fully paid and nonassessable when such deferred payments are made in full).

 

101 CALIFORNIA STREET, 5TH FLOOR, SAN FRANCISCO, CA 94111-5800 T: (415) 693-2000 F: (415) 693-2222 WWW.COOLEY.COM

LOGO

March 28, 2014

Page Two

 

We consent to the filing of this opinion as an exhibit to the Registration Statement.

Sincerely,

Cooley LLP

 

By:   /s/ Jodie M. Bourdet
  Jodie M. Bourdet

 

 

 

 

101 CALIFORNIA STREET, 5TH FLOOR, SAN FRANCISCO, CA 94111-5800 T: (415) 693-2000 F: (415) 693-2222 WWW.COOLEY.COM

EX-23.2 3 d702779dex232.htm EX-23.2 EX-23.2

Exhibit 23.2

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the TriNet Group, Inc. 2000 Equity Incentive Plan, TriNet Group, Inc. 2009 Equity Incentive Plan, and TriNet Group, Inc. 2014 Employee Stock Purchase Plan of our report dated March 3, 2014, except for the effect of the stock split as described in Note 15, as to which the date is March 12, 2014, with respect to the consolidated financial statements and schedule of TriNet Group, Inc. and Subsidiaries included in Amendment No. 4 to the Registration Statement on Form S-1 (File number 333-192465).

 

/s/ Ernst & Young LLP
San Francisco, California
March 26, 2014
 EX-23.3 4 d702779dex233.htm EX-23.3 EX-23.3

Exhibit 23.3

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated April 13, 2012, except for the effects of the restatement described in the last paragraph of Note 2, as to which the date is November 18, 2013, relating to the financial statements of SOI Holdings, Inc., which appears in Amendment No. 4 to TriNet Group, Inc.‘s Registration Statement on Form S-1/A (File No. 333-192465) dated March 14, 2014. We also consent to the reference to us under the heading “Experts” in such Registration Statement.

 

/s/ PricewaterhouseCoopers LLP
Charlotte, North Carolina
March 26, 2014
 EX-23.4 5 d702779dex234.htm EX-23.4 EX-23.4

Exhibit 23.4

CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in this Registration Statement of TriNet Group, Inc. on Form S-8 of our report dated May 2, 2013 on our audits of the consolidated financial statements of Ambrose Employer Group, LLC and Subsidiary as of December 31, 2011 and 2012 and for each of the three years in the period ended December 31, 2012, which appears in Amendment No. 4 to the Registration Statement on Form S-1 (File No. 333-192465) and related Prospectus of TriNet Group, Inc.

/s/ CohnReznick LLP

New York, New York

March 26, 2014

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